0 T Pl, Monterey, TN 38574#
Monterey, TN 38574 | Putnam County
Key Metrics#
| Metric | Value |
|---|
| Investment Score | 77/100 |
| Asking Price | $19,000 |
| Acreage | 1.3 acres |
| Price/Acre | $14,615/ac |
| County Median $/Ac | $31,176/ac |
| vs County Median | 46.9% |
| Days on Market | 331 |
| Flood Zone | Unknown |
| HOA | Unknown |
| Broker | Crye-Leike Brown Realty Cumberland Cove |
| Listing Type | FSBA |
Motivation Signals#
- 331 days on market
- Absentee owner
| Field | Value |
|---|
| Owner | MICHAEL KRESSIN |
| Mailing Address | 50 ROSS PL, MONTEREY, TN 38574-7292 |
| Assessed Value | $6,250 |
| Market Value | $25,000 |
| Annual Tax | $71 (2025) |
| Last Sale | $18,000 (2024-12-20) |
| Parcel # | 034 01500 |
| Zoning | Residential |
| Legal | DISTRICT: 02, COUNTY AREA: K01 |
Asking/Assessed Ratio: 3.04 (above assessed)
Offer Strategy#
| Level | Offer Price | % of Asking |
|---|
| Aggressive | $9,500 | 50% |
| Standard | $11,400 | 60% |
| Conservative | $13,300 | 70% |
Owner-Finance Projections#
Based on buying at $11,400 (standard offer), selling at 10% interest over 7 years
| Metric | Value |
|---|
| Sale Price (2.5x) | $28,500 |
| Down Payment (15%) | $4,275 |
| Financed Amount | $24,225 |
| Monthly Payment | $402 |
| Total Cash Received | $38,056 |
| Total Invested | $11,800 |
| Gross Profit | $26,256 |
| ROI | 222% |
Due Diligence Links#